The ACT Treasurer, Ted Quinlan, has said the ACT Government would not object to Totalcare withdrawing from its 50 per cent stake in the Williamsdale Quarry. He said that any ACT Government enterprise that could not provide some return or a wider benefit to the community would need to justify itself. He said that he would review all government enterprises.
That is a sensible approach for a new Government, though his statement of principle needs some refinement. He might also review all substantial subsidies that the Government gives to some enterprises.
The quarry is a classic example of a business the Government should not be in. There were other suppliers of stone available. There was no need for Government intervention to ensure the supply of a necessity. Even if the quarry made a profit, there would be little to justify government involvement. It should put its money where business cannot or will not put it.
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